The pandemic hit Deportivo Independiente Medellín hard, who on his return to the competition accumulated two consecutive defeats, complicating his outlook in the Colombian League and the Copa Libertadores.
Next, five reasons for a new red fall, this time in Barrancabermeja against Alianza Petrolera, something that had not happened since October 4, 2016, when he had lost 3-1, until this meeting, he accumulated six games without losing in the oil port
Little definition: This problem has become endemic in Medellín since the departure of Germán Cano, in the complementary stage Aldo Bobadilla tried to add more men in the attack, but they did not manage to make a single clear goal arrival on the goal of Ricardo Jerez. Leonardo Castro is slow, clumsy in movements and instead of dragging marks and positioning himself well, he ends up obstructing his teammates.
Formless players: Many players couldn’t keep up for more than 60 minutes, even though they hadn’t been in competition for six months. Other teams have shown intensity in the game. This Medellín shows long in its lines and where its players find it difficult to finish the games. Clearly, Alianza Petrolera’s goal came as a result of a lack of concentration in defense in the last minutes of the match.
Confusions: Although a large part of the team is ‘new’, neither in the match against Alianza Petrolera nor against Caracas in the Copa Libertadores they achieved a dynamic in the game that would serve to surprise the opposite. In many parts of the game they are reactive to what the opponent does. They do not coordinate the passes, the movements, in some moments it gave the impression that they did not speak and that made it difficult for the opponent to recover the ball easily.
Lack of ideas: Every game that passes, Medellín and his game scheme misses Andrés Ricaurte. Neither Javier Reina, nor José Estupiñán, nor Bayron Garcés have been able to solve this problem in the 180 minutes played without the Antioquia ’10’.
Surprise: Everything is linked to the same thing, a predictable, lukewarm team that does not know whether to attack, defend, wait for what the opponent does or play the ‘pitch’, in most of these games they have done a bit of everything, but nothing well. In the end the rivals are imposed on him with little and that is what should concern the coaching staff the most.
(ANSA) – MOSCOW, 02 SEPT – The statements that the European Union and NATO are making on the situation in Belarus are not constructive. This was stated by Russian Foreign Minister Serghei Lavrov.
“The European Union and NATO have added tensions on the Belarus situation, with rather destructive statements, and we certainly see the activities of the North Atlantic alliance near the borders of Belarus, which are also the external borders of the State of the Union”, Lavrov said at a press conference after talks with Belarusian Foreign Minister Vladimir Makei. Tass reports it. (HANDLE).
An unprecedented alliance is being set up to contain the Covid-19 pandemic. Constituted on April 24 under the aegis of the World Health Organization (WHO), it brings together fifteen states and ten international public or private organizations very active in the field of health, research, of development. Their desire is to accelerate the development of treatments, vaccines and tests, and then to distribute them massively throughout the planet. To avoid new waves of this coronavirus, it will be necessary to ensure that no outbreak remains.
This initiative was launched by France and supported by the European Union, which will hold a funding conference on May 4. It is supported by South Africa, which presides over the African Union. The door is open to all countries that wish, but at the moment the United States and China are not part of it. Implicitly, these two great powers are returned to their contradictions. In Washington, Donald Trump displays his disdain for multilateralism but his slogan “America first” finds its limits with a virus that knows no borders. In Beijing, Xi’s regime is making friends but its propaganda does not hide its political calculations and does not answer serious questions about its responsibility for the outbreak of the pandemic.
In contrast to these two strategies, the alliance created on Friday seems relevant in its method, collaborative, and in its objective, aimed at the common good. It reinforces WHO in its role as a specialized agency of the United Nations, with the responsibility for demonstrating efficiency and independence. If it succeeds, it will be a clear sign of the relevance of multilateral action.
There is no evidence, according to epidemiologists, that the youngest are important vectors of the coronavirus. Little…
Economists do not expect prices to rise in a timely manner.
Munich Regardless of gigantic government spending, economists do not anticipate a surge in inflation in the Corona crisis for the time being – on the contrary, falling prices. A key factor in this is the drop in oil prices, according to several economists.
“In view of the severity of the current recession and against the background of the extremely sharp drop in oil prices, consumer price inflation should be significantly lower on average in 2020 than in the previous year,” says Michael Menhart, chief economist at the world’s largest reinsurer Munich Re. “I suspect that the corona crisis will lead to deflation,” says Markus Demary, Senior Economist for Monetary Policy and Financial Markets at the Cologne Institute for Economic Research.
“In the short term, the Covid 19 crisis is likely to have a deflationary effect,” says Katharina Utermöhl, Senior Economist responsible for Europe alliance. Europe’s leading insurer expects an extremely low price increase of 0.2 percent for 2020 in the euro area, and an inflation rate of 1.6 percent for 2021. BayernLB chief economist Jürgen Michels shares his colleagues’ assessments: “In the short term, I can clearly see that the pressure on prices is going down – also because of the oil price trend.”
Not only the governments, but also the companies will be sitting on mountains of debt after the crisis. “This debt has to be reduced and the debt reduction has priority over new investments for a certain time,” says IW money market specialist Demary. “Due to the reluctance to invest, demand is lacking, causing price growth to stagnate.”
Two of several other factors that Demary names: risk aversion and presumably subdued demand for the end of the pandemic. “Companies and households are more likely not to invest, but to wait and see that the uncertainty falls.”
Mountains of debt become the sticking point
And what about the end of the crisis? That depends on the extent and pace of the subsequent recovery, as Munich Re chief economist Menhart says – “although we are currently not assuming a fundamental change in the inflation outlook and therefore expect inflation rates to be roughly pre-crisis levels.”
However, like lawyers, economists analyze a variety of factors in their assessments. Some of these factors could well lead to a return in inflation. “But as soon as the crisis is over, dealing with the accumulated mountains of debt could turn out to be a sticking point,” says Allianz economist Utermöhl.
Experience from the financial crisis had shown that the resulting debt has not been reduced in many countries. “On the contrary: global debt has reached a new record high in 2019,” says the economist. “Since there will hardly be any productivity boost in the near future, I assume that the second path will ultimately be taken” – ie inflation.
Munich Re chief economist Menhart points to another point: “However, there are risks of higher inflation especially if, with normalizing economic demand, companies are unable to restart production sufficiently quickly.”
BayernLB chief economist Michels also believes that inflation can return. “In the medium term, I see a certain risk that inflation could go up, but only when we are economically back to the level we had before the crisis.” According to Michel’s assessment, this could only be the case in 2022/23.
“We noticed in the Corona crisis that we had too few reserves for many things,” says the Munich economist. “If we have a higher level of storage again, it costs money. And if you can no longer rely on international supply chains, production may be more local, but more expensive. These two factors could drive prices up. ”
More: Fluctuations on the stock exchanges are extreme due to the Covid 19 pandemic. But there is a way out: alternative investments. The Handelsblatt presents them.
The Spanish productive industry generates 13% of GDP and 12% of employment directly, which reaches 43% of GDP and 30% of employment if their indirect effects are added. The jobs it provides are also high quality in terms of salary, stability and training. It is also responsible for 92% of exports and more than 50% of private investment in R & D & i.
They consider that Spanish industry is being a fundamental lever to combat the pandemic by enabling the essential services and products that Spanish society requires to be able to face it. It is also, directly, the strongest economic base in our country at a time as critical as the current one.
In this context, the Alliance for Industry Competitiveness has urged the Government to activate, under the coordination of the Ministry of Industry, a package of measures whose implementation it considers essential to give the first steps towards the recovery of economic activity in Spain. The program is based on the following 10 priority proposals.
Taking into account these 10 key axes for economic recovery, the Alliance considers it essential that the Government expedite the implementation of an effective program that protects and promotes the competitiveness of the industry, as well as of all the productive sectors as a whole in the national and international market so that the industry can contribute with all its potential to the necessary social and economic reconstruction after the health crisis, taking into account its relevant weight in the creation of wealth and employment.
Hanover The world’s third largest reinsurer Hannover Re withdraws its 2020 profit target due to the corona pandemic. The expected negative consequences of the crisis cannot yet be assessed due to the great uncertainties, the company listed in the MDax surprisingly announced on Tuesday evening in Hanover.
Management expects increased burdens, especially in capital investments and property and casualty reinsurance. In mid-March, Hannover Re boss Jean-Jacques Henchoz had targeted an annual profit of 1.2 billion euros.
“Thousands of sports clubs or cultural centers are left out”
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In an open letter, nonprofit organizations call for urgent help from the federal government to deal with the corona crisis. Many clubs ran into financial difficulties. Cross-border assistance is also needed in the EU.
EA broad alliance of non-profit organizations calls on the federal government to provide them with emergency aid to deal with the consequences of the corona pandemic. “Voluntary engagement is systemically important and absolutely needs support to avoid permanent and structural breaks,” says an open letter that WELT AM SONNTAG has in advance.
Not only the economy, but also the more than 600,000 non-profit organizations in Germany should in principle have access to funds from the federal and state protection funds.
The letter, which will be published on Monday, is signed by a number of influential umbrella organizations, including the Bundesverband Deutscher Stiftungen, the Stifterverband für die Deutsche Wissenschaft, the Deutsche Spendenrat, the Deutsche Olympische Sportbund or the Deutsche Naturschutzring.
The federal and state governments initially tailored their emergency aid to companies with the intention of making a profit. Some states, such as Bavaria or Baden-Württemberg, also provide access to non-profit social enterprises with business operations. For example, money can arrive at youth hostels or youth training centers.
“Thousands of sports clubs or cultural centers are left out. They also run into financial difficulties due to Covid-19. They also need government support, ”says Marie-Alix Ebner von Eschenbach, member of the executive board of the Federal Association of German Foundations.
In addition, the alliance in its letter calls for cross-border Covid-19 aid to be made possible within Europe. Civil society actors simply had to be able to bring donations, grants and benefits in kind to the regions of the EU affected by the coronavirus and this had to be recognized for tax purposes. At the moment this is difficult because there is no EU-wide register of non-profit organizations and the requirements vary from country to country.
“A global pandemic requires cross-border assistance – this is a requirement of solidarity and cohesion in the EU,” says Erich Steinsdörfer, managing director and chairman of the management of the German Foundation Center in the Stifterverband.
In addition, the federal government should take the corona crisis as an opportunity to support non-profit organizations in digitization. To do this, financial resources would have to be made available as quickly and unbureaucratically as possible, the letter said. After all, civil society life can currently often only be maintained through digital channels.
In the past week, the Federal Ministry of Finance had already ordered some practical facilities for non-profit organizations in Germany. For example, they can offset losses from their business operations and wealth management from their capital until the end of the year without depriving them of their charitable status.
In the UK, the government had pledged £ 750m in aid last week to charities last week. In addition, she had announced that she would also open her aid programs tailored to commercial companies to charities. The Federal Ministry of Finance did not want to comment on corresponding plans in Germany on request. There was nothing to add to the previous decisions, it said.
This text is from the WELT AM SONNTAG. We would be happy to deliver them to your home on a regular basis.
In the past few days, the pressure from Asmussen’s former colleagues from politics has become too great. The insurers – known for their still well-stocked coffers – should not steal their responsibility for the economy with reference to different contractual arrangements, the statements of governments were not only in Germany.
Since then, the insurance industry has faced a huge image problem. Many critics confirmed their view that the industry would always withdraw with reference to the fine print if there were expensive costs. The insurers shifted responsibility to the industry association GDV, which should look for a uniform solution.
For Jörg Asmussen, it was the first major test in the new environment. There was considerable pressure on the 53-year-old, since even healthy companies have faced financial difficulties in recent days.
Above all because many business partners, some of whom had long trading relationships, no longer dared to do so, and the internationally secured trade in goods at home and abroad threatened to stall.
A quick and surprising solution, in which Jörg Asmussen also played a key role, came on Thursday. The Federal Government and the German credit insurers agreed on the establishment of a protective shield in the amount of 30 billion euros to secure the movement of goods. This gives suppliers the certainty that they will also receive money, even if their customers cannot pay in times of tight budgets.
High loss is programmed
For Jörg Asmussen and the insurers, however, the deal was not in vain. Not only do they commit to largely maintaining their previous credit limits of around € 400 billion, they also transfer 65 percent of their premium income to the federal government this year. Last year, the total amount was a remarkable 817 million euros.
A loss is almost inevitable for the successful industry this year. Nevertheless, praise comes from the industry for what the association has negotiated in the shortest possible time. “Extraordinary times require extraordinary measures”, Ron van het Hof evaluates the deal between Asmussens Verband and the German government.
The Dutchman is the CEO of Euler Hermes in the German-speaking countries and refers to the eminent importance of such security chains for the German middle class. With a market share of almost 50 percent allianceSubsidiary, known for its Hermes loan guarantees, by far the largest credit insurer in Germany.
For Asmussen, whose path at the GDV from the Presidium member to the General Manager is already planned for October 1, quite different priorities are emerging than he formulated when he became known when he joined the association in January.
The graduate economist emphasized that insurers could make a major contribution to private retirement provision and in dealing with risks such as climate change and cyber security. All these issues will still be overshadowed by the corona crisis when Asmussen takes over the management of the association in autumn.
There is no doubt in the association that he will continue to be available for quick and sometimes extraordinary solutions. “With his extensive experience, Mr. Asmussen will give the German insurance industry a powerful voice as future general manager,” says Wolfgang Weiler, the long-time boss of Huk-Coburg and current president of GDV.
The industry association has known that Asmussen, who is known as a string puller, does not need a long familiarization period since this week at the latest.
More: The federal government and credit insurers secure German trade